Second, we need to work for a more open and institutionalized world economy. With economic globalization deepening and countries’ interests converging, common development can only be realized by pursuing mutual benefit. The international communityshould hold high the banner of free trade, oppose protectionism, refrain from trade wars, observeinternational trade laws and the basic principles of the World Trade Organization, uphold and improve the international financial system and build a more balanced and inclusive global trade regime. At the same time, trade and investment liberalization and facilitation should also be promoted at the regional level to complement and reinforce the global system, thus supporting global growth with two wheels. With Asian and African countries both at a crucial stage of industrialization and urbanization and a communityof shared interests emerging, active efforts should be made to carry out South-South and North-South cooperation. It’s just like the dragon boat race during China’s traditional Dragon Boat Festival. Only when everyone rows at top speed and at the same pace can the boat sail fast and steadily towards victory. Asian and African countries need to continuously improve the legal environmentfor investment and trade, and be a more proactiveparticipant in the formulation of the rules concerning international economyand trade to secure more institutional rightsfor their own development. China stands ready to work with Asian and African countries to improve existing cooperation platforms and mechanisms, encourage closer linkages and cooperation among industries to draw on each other’s strengths for common development. We stand ready to align our “Land and Maritime Silk Road” Initiatives with the development plans and needs of countries along the routes so as to bring new opportunities for greater cooperation in Asia and Africa.
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